The cluster is dominated by two large doublings (Assenagon and TD Waterhouse), suggesting conviction in RTX's defense/commercial aerospace thesis. However, the 45-day reporting lag means these positions may already be adjusted. Monitor upcoming 10-Q for organic revenue and margin trends to validate the thesis.
Executive Summary
Three institutional asset managers accumulated $160.8M in RTX during Q3 2026, led by Assenagon Asset Management doubling its position to $253.6M and TD Waterhouse Canada more than doubling to $56.1M. One small seller, Davenport & Co, fully exited a $21.9M position.
Key Financial Metrics
Institutional Positions
Net institutional flow: $160.8M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +104.2% | $253.6M | $126.7M |
| Concurrent Investment Advisors | ADD | +26.3% | $22.1M | $4.2M |
| Td Waterhouse Canada | DOUBLED | +121.6% | $56.1M | $29.9M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Davenport & Co | EXIT | -100% | $21.9M | -$21.9M |
Key Facts
- 3 institutional buyers added $160.8M net; 1 seller exited $21.9M
- Assenagon Asset Management doubled its RTX stake to $253.6M (+$126.7M)
- TD Waterhouse Canada more than doubled its position to $56.1M (+$29.9M)
- Davenport & Co fully exited a $21.9M position
- All buyers are active asset managers, not passive/index funds
Financial Impact
Net institutional accumulation of $160.8M across 3 buyers, with one seller reducing by $21.9M. Total buyer holdings now $331.9M.
Risk Factors
- 13F data is 45+ days stale; the cluster may have been unwound
- One full exit by a small manager (Davenport) could indicate a contrarian read
- Defense sector rotation could reverse if geopolitical tensions de-escalate
- No insider buying (Form 4) data provided to corroborate the institutional signal
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-RTX-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | GOVT-CONTRACT | $192.23 | awaiting T+5 | — | — |
Oct 21, 2026 5d ago | GOVT-CONTRACT | $194.71 | awaiting T+5 | — | — |
Oct 20, 2026 6d ago | 8-K | $193.34 | awaiting T+5 | — | — |
Oct 20, 2026 6d ago | Press Release | $193.34 | awaiting T+5 | — | — |
Oct 16, 2026 9d ago | Institutional Cluster | $192.11 | awaiting T+5 | — | — |
Oct 13, 2026 13d ago | GOVT-CONTRACT | $186.47 $191.60 | ▲ +2.75% | ▲ +2.30% | — |
Oct 12, 2026 14d ago | Press Release | $186.66 $192.11 | ▲ +2.92% | ▲ +4.41% | — |
Oct 1, 2026 24d ago | Press Release | $184.68 $185.97 | ▲ +0.70% | ▼ −0.46% | — |
Sep 28, 2026 27d ago | Press Release | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | — |
Sep 28, 2026 28d ago | Court Ruling | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | — |
US Market Status
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